How to buy Shares in Nigeria

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Posted by on Monday July 16, 2012 11:52:8:

Buying shares is a form of investment that one does for the purpose of reaping future profits. People who buy shares are investors who get rewarded in 2 ways: Dividends and capital appreciation.

To buy shares in Nigeria, here are what you will need:
- Funds
- Filled application form


Where to buy shares
- Banks: If there is a public offer
- Stockbroker or other securities company: If it is only available in the secondary market. See official list of brokers: www.nigerianstockexchange.com/exchange_members.jsp

What is a public offer?
A public offer is an offer by a company to the public to buy shares from her. Most new companies first go to the public to offer their shares to everyone who wishes to buy them and this market is called the primary market and everyone can buy by making an application through the banks or other financial institutions and paying the required amount.

How to buy shares during a public offer
When shares have been advertised on the news to the public, anyone who is over 18 years and a Nigerian can buy by simply filling the application and making payment at the designated banks. After the offer has been closed, the company registrar will issue share certificates to the final shareholders and return any money rejected. If you already have shares listed on the CSCS, you could also apply with your CSCS account number and the shares should be credited to your account when it has been allotted.

What is the secondary market?
The secondary market is where shares are bought or sold on a daily basis through the dealing members of the stock exchange. The public can only participate in the secondary market anytime by subscribing through the trading members and paying them a commission.

How to buy shares from the secondary market
As long as a company has been listed on the Nigerian stock exchange, you can always buy or sell them but this time you would have to go through the trading members such as stockbrokers or security companies and paying them a commission which is already fixed by the NSE. You fill an application and make the payment to them after which they should buy shares for you within a few days. You can always confirm your stock statement from the CSCS either through a formal application or checking your online access.



Comments:
Re: How to buy Shares in Nigeria Reply by aroh charles izuchukwu chosen on Friday August 31, 2012 at 22:31:10:

Am a student,and am also working but pls.can you pls advice me on what sector to buy it share.so that I will not regret.secondly my parents purchases daar communication share but up till now they have not enjoy any dividend from them.why?or they tricking us



Re: How to buy Shares in Nigeria Reply by Felix Okoli on Friday August 31, 2012 at 22:31:10:

You can buy from the financial sector or food sector. They are good. Banks like UBA, Zenith or evn Access are ok and they consistently pay dividends. It is possible to buy shares from a company that may not pay dividends for a long time if they don't make profit.


Re: How to buy Shares in Nigeria Reply by Glory jimmy on Monday February 4, 2013 at 10:25:35:

I want to buy shares too but i dnt knw the amount that is needed to buy one pls help me with this.



Re: How to buy Shares in Nigeria Reply by Adenike on Thursday May 2, 2013 at 9:43:12:

Hello, pls can you tell me what to expect from GTB if one decides to buy shares from them and how reliable is the company in terms of profits.




Re: How to buy Shares in Nigeria Reply by Felix Okoli on Thursday May 2, 2013 at 9:43:12:

Don't expect short term capital gains yet. If investing in GTB for dividends and long term stability, then it's good. It is currently priced at N25+ so that's an already high price.


Re: How to buy Shares in Nigeria Reply by Festus on Tuesday May 28, 2013 at 10:15:35:

The N25+ you mean, is it per unit?



Re: How to buy Shares in Nigeria Reply by Emmanuel Nelson on Friday May 31, 2013 at 10:15:35:

pls, i also want to know the minimum amount to purchase shares in any profitable sector.



Re: How to buy Shares in Nigeria Reply by Felix Okoli on Friday May 31, 2013 at 10:15:35:

With at least NGN10,000, you can start buying shares in Nigeria


Re: How to buy Shares in Nigeria Reply by OKOLI EUCHARIA on Thursday July 18, 2013 at 6:49:50:

LIKE HOW MUCH PROFIT WILL #10.000 YEILD FOR ME






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